How the EU Should Approach AI - Part 2

The EU should strive to build "good enough AI" instead of superintelligence.

This is the second part of a longer post about AI risks and the EU’s AI strategy. Read the first part here.

In this part, I argue why the EU must address the risks of AI foundation models before speeding recklessly ahead. Instead of replicating Big Tech’s “move fast and break things”-approach, the EU should promote open(-source) foundation models, only trained on public and licensed data, encourage people and institutions to treat AI technology with common sense, not as a magic panacea, while also minding the broader financial and environmental risks. That is how the EU becomes an “AI continent”.

The final version of this draft will be available in Handbook on Regulating Big Technology in the Era of Sustainability by Edward Elgar Publishing.